Insurance Journal

Three Georgia Decisions Have Some Comp Attorneys Worried. Claimants Not So Much

After three major Georgia appeals court decisions have gone against employers in the last five years, some insurance defense attorneys are concerned that the state’s workers’ compensation laws have become costly to insurers and businesses...

Posted: Aug 14, 2023

Jury Awards $35M to Family of New York Man Who Died After Being Beaten by Police

The family of a Long Island, New York, man who died after being beaten by police with flashlights and fists during a 2008 traffic stop was awarded $35 million in damages by a federal jury last Thursday. Frederick K. Brewington, …

Posted: Aug 14, 2023

Connecticut School District Has Recouped Half of $6 Million Lost in Cyber Attack

The city of New Haven lost more than $6 million in multiple cyberattacks on its public school district earlier this summer and has so far managed to recoup about half of the money, officials announced last week. The thefts, which …

Posted: Aug 14, 2023

People Moves: Woodruff Sawyer in California Names New VPs

Woodruff Sawyer, based in San Francisco, Calif., named two new vice presidents. Owen Igbinosun joined the firm as vice president, management liability, focused on private equity and real estate in the upper middle markets. Before joining Woodruff Saw...

Posted: Aug 14, 2023

At Least 55 Died in Hawaii Fires, Thousands of Structures Exposed

Wildfires on Maui have killed at least 55 people and wiped out a historic town, exposing thousands of structures in a disaster that could end up exceeding early damage and loss estimates of more than $8 billion. The Associated Press …

Posted: Aug 11, 2023

Detroit Police Chief Implements New Policies on Facial-Recognition Technology Following Arrest of Pr...

DETROIT (AP) – The Detroit police chief said he`s setting new policies on the use of facial-recognition technology after a woman who was eight months pregnant said she was wrongly charged with robbery and carjacking in a case that was …

Posted: Aug 11, 2023

Miami’s Septic Tanks, Trash Problems Test Appeal to Rich Homeowners

Miami wants to attract even more out-of-state workers and wealthy newcomers like hedge fund tycoon Ken Griffin. But first, County Mayor Daniella Levine Cava faces a huge environmental problem: overflowing garbage heaps and septic tanks. Some of great...

Posted: Aug 11, 2023

NHTSA Probing Fatal Tesla Crash in Virginia, Adding to Investigations

Tesla Inc. is facing increased scrutiny as federal investigations said Thursday they are investigating a fatal crash in Virginia involving one of the company’s SUVs that collided with a tractor-trailer truck. The accident, which took place on J...

Posted: Aug 11, 2023

Security First Accountant Charged with Siphoning $1.4M Through Fake Invoices

An accountant for Ormond Beach-based Security First Insurance Co. has been charged with stealing more than $1.4 million by creating false invoices and routing the funds to her personal accounts. Samantha Rae Link, 30, of Daytona Beach, was arrested W...

Posted: Aug 11, 2023

Boston Financial Adviser Sentenced After Defrauding Older Victims of Annuity Funds

A financial adviser who stole about $1.2 million from the retirement accounts of his mostly older victims, one of whom had dementia and another of whom had a traumatic brain injury, has been sentenced to more than four years in …

Posted: Aug 11, 2023

Kentucky Governor’s Storm Relief Efforts Could Trim GOP Leaning in Rural Areas

Gina Thorn`s life was uprooted when a monstrous tornado tore through her Kentucky hometown of Mayfield, but her family stuck it out and now they`re homeowners for the first time. Thorn says Gov. Andy Beshear deserves credit for their brighter …

Posted: Aug 11, 2023

Supreme Court Halts Purdue Pharma Bankruptcy Settlement Pending Review

The U.S. Supreme Court on Thursday agreed to hear a challenge by President Joe Biden’s administration to the legality of OxyContin maker Purdue Pharma’s bankruptcy settlement, putting on hold a deal that would shield its wealthy Sackler f...

Posted: Aug 11, 2023

5 Killed in Pennsylvania When RV Blows Tire, Crashes into Tractor-Trailer

A recreational vehicle blew a tire on an interstate highway in Pennsylvania, crossed the median and collided head-on with a tractor- trailer, killing four people in the RV and the truck driver, authorities said. The crash occurred around 8:50 p.m. &#...

Posted: Aug 11, 2023

Tutoring Firm Settles EEOC’s First Bias Lawsuit Involving AI Software

A China-based tutoring company has agreed to settle a U.S. government agency’s novel lawsuit claiming it used hiring software powered by artificial intelligence to illegally weed out older job applicants. The 2022 lawsuit against iTutorGroup In...

Posted: Aug 11, 2023

NOAA Increases Prediction for Atlantic Hurricane Season to “Above-Normal”

The National Oceanic and Atmospheric Administration is increasing its prediction for the ongoing 2023 Atlantic hurricane season to “above-normal” activity. Warmer-than-normal sea surface temperatures across much of the tropical and subtro...

Posted: Aug 11, 2023

People Moves: WTW Hires Bryce From Magnes for Personal Lines, Canada; Markel Taps PwC’s Feng as Warr...

This edition of International People Moves details appointments at WTW, Markel and RSA Insurance. A summary of these new hires follows here. WTW Hires Bryce for Personal Lines, Canada Insurance broker WTW announced the appointment of Allison Bryce as...

Posted: Aug 11, 2023

Antarctica Risks ‘Cascades of Extreme Events’ as Earth Warms: Study

Extreme weather in Antarctica, including ocean heat waves and ice loss, is set to become more intense unless urgent policy action reduces the burning of fossil fuels, a new study has found — the latest to sound the alarm on …

Posted: Aug 11, 2023

Norfolk Southern Falls Short of Safety Standards, Says Federal Regulators

OMAHA, Neb. (AP) __ Norfolk Southern made improvements after one of its trains derailed, caught fire and spilled toxic chemicals near an Ohio town, but the company is nowhere near the “gold standard for safety” it is striving to be, &#823...

Posted: Aug 11, 2023

Growing ‘Greenlash’ Fuels Fears for Europe’s Environmental Ambitions

A growing ‘greenlash’ against Europe’s environmental agenda has not so far derailed its decarbonization plans, but looming elections could put future climate and nature measures at risk. The European Union (EU) has burnished its rol...

Posted: Aug 11, 2023

Grass Fire Near Austin, Texas Destroys Building, Displacing Hundreds of Residents

CEDAR PARK, Texas (AP) – A grass fire near Austin, Texas, spread into trees near an apartment complex and condominiums, destroying one of the buildings and forcing hundreds of residents from their homes. Two people suffered minor injuries in the &#82...

Posted: Aug 11, 2023

Train Derails in Swiss Gotthard Tunnel, Halting Key Freight Route

A freight train derailed in the Gotthard tunnel in Switzerland, blocking passage through a key route linking Northern and Southern Europe. The accident in the world’s longest railway tube — which goes through the Gotthard massif in the Swiss Al...

Posted: Aug 11, 2023

Update: Train Derails in Swiss Gotthard Tunnel, Halting Key Freight Route

A freight train derailed in the Gotthard tunnel in Switzerland, blocking passage through a key route linking Northern and Southern Europe. The tunnel will remain closed until at least Aug. 16 at midnight, the country’s federal rail operator SBB...

Posted: Aug 11, 2023

Ukraine Announces ‘Humanitarian Corridor’ for Ships Stuck in Black Sea Ports

Ukraine announced a “humanitarian corridor” in the Black Sea on Thursday to release cargo ships trapped in its ports since the outbreak of war, a new test of Russia’s de facto blockade since Moscow abandoned a deal last month to &#8...

Posted: Aug 11, 2023

Global Insurance M&A Drops Sharply in First Half 2023

Regulatory changes and a reduced appetite for insurtechs are driving down insurance carrier mergers and acquisitions (M&A), a new report has found. M&A were down 17% worldwide during the first half of 2023, according to Clyde & Co’s...

Posted: Aug 11, 2023

Political Violence in Polarized US at Its Worst Since 1970s

As Kristen King’s husband lay dying in their yard from three gunshots to his head, the 911 operator asked her: Did she know who killed him – or why? Sobbing, King identified the shooter as her neighbor in the small …

Posted: Aug 11, 2023